Raytheon Beats Up on Analysts Yet Again

Raytheon (NYSE: RTN) reported earnings on Jan. 24. Here are the numbers you need to know.

The 10-second takeaway For the quarter ended Dec. 31 (Q4), Raytheon met expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details Raytheon reported revenue of $6.44 billion. The 18 analysts polled by S&P Capital IQ expected to see a top line of $6.41 billion on the same basis. GAAP reported sales were 0.0% lower than the prior-year quarter's $6.44 billion.

EPS details EPS came in at $1.60. The 18 earnings estimates compiled by S&P Capital IQ predicted $1.30 per share. GAAP EPS of $1.42 for Q4 were 4.1% lower than the prior-year quarter's $1.48 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

Looking ahead Next quarter's average estimate for revenue is $5.81 billion. On the bottom line, the average EPS estimate is $1.28.

Next year's average estimate for revenue is $24.05 billion. The average EPS estimate is $5.46.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Raytheon is hold, with an average price target of $57.53.

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